| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 40th | Fair |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14548 W Hartland St, Van Nuys, CA, 91405, US |
| Region / Metro | Van Nuys |
| Year of Construction | 2005 |
| Units | 28 |
| Transaction Date | 2015-07-20 |
| Transaction Price | $6,800,000 |
| Buyer | NUPONTE INC |
| Seller | HARTLAND GROUP LLC |
14548 W Hartland St Van Nuys 28-Unit Multifamily
Neighborhood indicators point to durable renter demand supported by a high-cost ownership market and a deep renter-occupied base, according to WDSuite’s CRE market data. Occupancy and rent levels cited here reflect neighborhood trends, not the property, and suggest steady leasing fundamentals with prudent attention to affordability management.
Built in 2005, the asset competes well against a neighborhood housing stock that skews older (average 1974). The vintage suggests relative appeal versus legacy product while still warranting mid-life capital planning for building systems and selective modernization to sharpen positioning.
Local renter demand is reinforced by a high renter-occupied share at the neighborhood level (top quartile nationally and competitive among the 1,441 Los Angeles-Long Beach-Glendale neighborhoods). This depth of renter households typically supports a broad tenant base and can aid leasing stability for mid-size communities.
Within a 3-mile radius, households have grown recently and are projected to increase further even as total population trends edge down, implying smaller household sizes and a larger renter pool entering the market. This mix supports ongoing demand for multifamily units and can help sustain occupancy, though leasing strategies should calibrate to evolving household composition.
Cost-to-own is elevated (home values in a high national percentile and value-to-income ratio near the top of national comparisons), which tends to sustain reliance on rental housing and can support pricing power. At the same time, neighborhood rent-to-income metrics indicate affordability pressure for some cohorts, suggesting a focus on renewal management and amenity-value alignment to protect retention.
Day-to-day livability is underpinned by strong amenity access, including dense restaurant, cafe, grocery, and pharmacy coverage relative to national benchmarks, which bolsters lifestyle convenience for residents. By contrast, park and childcare counts track low, and average school ratings in the area trend below national norms — factors that may temper some family-driven demand but are less likely to deter core workforce renters.
Neighborhood safety indicators benchmark favorably compared to many areas nationwide, with overall crime measures ranking in higher national percentiles for safety. Recent year-over-year estimates also point to notable declines in both violent and property offenses, indicating a positive trend in reported activity. These figures reflect neighborhood-level patterns and can vary by block; investors should corroborate with current, on-the-ground diligence.
Proximity to major entertainment, media, and corporate offices supports workforce housing demand and commute convenience for residents, reinforcing depth in the tenant base. Employers nearby include Charter Communications, Radio Disney, Disney, Thermo Fisher Scientific, and Farmers Insurance Exchange.
- Charter Communications — telecommunications (6.1 miles)
- Radio Disney — media (6.9 miles)
- Disney — media & entertainment (7.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (8.3 miles)
- Farmers Insurance Exchange — insurance (8.7 miles) — HQ
This 2005-vintage, 28-unit property offers relative competitiveness versus older neighborhood stock while benefiting from a large renter household base and a high-cost ownership market that supports sustained rental demand. Neighborhood occupancy and rent levels — per commercial real estate analysis from WDSuite — indicate steady fundamentals at the area level, with affordability pressures suggesting thoughtful rent setting and retention strategies.
Within a 3-mile radius, households are increasing and are projected to expand further even as population flattens, pointing to smaller household sizes and a potentially widening renter pool. Amenity density (restaurants, cafes, groceries, pharmacies) strengthens livability and leasing appeal, while lower average school ratings and limited park/childcare availability are considerations for certain renter segments. Mid-life capital planning can unlock value-add opportunities to capture and retain demand.
- 2005 construction competes well versus older local stock; plan selective system upgrades for mid-life reliability
- Deep renter-occupied base supports tenant demand and leasing stability at the neighborhood level
- High-cost ownership market reinforces reliance on rentals, aiding pricing power and renewal capture
- Household growth within 3 miles and strong amenity access bolster day-to-day livability and retention
- Risks: affordability pressure (rent-to-income), lower school ratings, and limited parks/childcare merit leasing and capex strategy